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COMPARE FIXED DEPOSIT INTEREST RATES PAID BY BANKS IN INDIA
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COMPARISON OF FIXED DEPOSIT INTEREST RATES BY INDIAN BANKS - 2017
(Check Highest Rate of Interest
Paid by Banks in India / Maximum Rate of Interest Paid by Indian Banks. Best
Fixed Deposit Rates by Banks)
We give below the Highest Rate of Interest or the maximum rate of interest on Fixed Deposits in certain buckets offered by banks in India in 2017 (in the Second Week of January 2017) :-
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Moreover, some other small banks may also be offering 7.50% ROI for certain other tenures. You can check the bank of your choice by clicking the links given below.
PS ; In addition to above rate of interest, most of the banks offer from 0.25% to 0.50% extra to senior citizens The above chart only gives a rough idea as to which banks are offering highest rate of interest in a particular bucket on a particular date. The above banks may not be offering the best rate of interest on fixed deposits in all other buckets / periods. There is also a growing trend to pay higher interest for deposits of Rs. 1 crore and above. Therefore, if you are bulk depositor, please check the same.
CLICK HERE FOR FIXED DEPOSIT CALCULATOR
Comparing rate of interests of banks in India for last few years indicate that they have been quite volatile. In 2010, the rate of interest started again going up as banks were short of funds. In the early 2011, these have further hardened. From April 2012, the banks started reducing the deposits rates, but from August 2013, once again there was a tendency for upward bias for deposit rate of interest. However, now in the coming weeks / months, these are likely to go down. Therefore now incase you have surplus funds lock in the same in bank fix deposits (November 2017).
There has been very frequent changes by not only foreign banks but also by Public Sector Banks and it becomes extremely difficult to keep updated data as most banks do not inform the media about the changes, and some even do not update their websites promptly. Moreover, now a days there are no standard buckets across all banks. Some banks are offering very high rate of interest for a particular segments based on some odd days (e.g. 400 days; 555 days etc. etc.) It becomes all the more difficult to compare such rates in a single chart. Therefore, for the time being, we have withdrawn the comparative charts of fixed deposits across all maturities. Therefore, it is advised to check up with the respective Bank before final decision is taken up for deposits. To make the life a bit easier for you, we give below the links for some major banks which will take you directly to the relevant page of interest rates of that bank.
DIRECT LINKS FOR FIXED DEPOSIT RATES FOR MAJOR BANKS
Foreign Banks
CLICK HERE FOR FIXED DEPOSIT CALCULATOR
Click Here For : Highest Rate of Interest on Saving Fund Accounts
You May Be Interested in Reading Our Two other popular articles :
(a) HOT TIPS FOR BANK DEPOSITS
(b) HOT TIPS FOR TDS INTEREST ON BANK DEPOSITS
Click Here to know : Highest Rate of Interest on Saving Fund Accounts
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